Industry Week in Review – April 29, 2016

The Pentagon reached a $1.4 billion agreement with Connecticut-based Pratt & Whitney for 66 F135 engines, the power plant of the F-35 joint strike fighter, under the ninth low rate initial production (“LRIP”) lot. The breakdown consists of 53 conventional takeoff and landing engines, used in the F-35A and F-35C models, and 13 short takeoff and vertical landing models used for the F-35B.

Read More »

Industry Week in Review – April 22, 2016

The Pentagon reached a $1.4 billion agreement with Connecticut-based Pratt & Whitney for 66 F135 engines, the power plant of the F-35 joint strike fighter, under the ninth low rate initial production (“LRIP”) lot. The breakdown consists of 53 conventional takeoff and landing engines, used in the F-35A and F-35C models, and 13 short takeoff and vertical landing models used for the F-35B.

Read More »

Industry Week in Review – April 15, 2016

The Pentagon reached a $1.4 billion agreement with Connecticut-based Pratt & Whitney for 66 F135 engines, the power plant of the F-35 joint strike fighter, under the ninth low rate initial production (“LRIP”) lot. The breakdown consists of 53 conventional takeoff and landing engines, used in the F-35A and F-35C models, and 13 short takeoff and vertical landing models used for the F-35B.

Read More »

Industry Week in Review – April 8, 2016

The aviation maintenance, repair, and overhaul (“MRO”) industry converged in Dallas, TX this week for Aviation Week’s MRO Americas, the industry’s largest trade show dedicated to MRO. Roughly 13,000 people attended the conference including corporate executives, industry analysts, and media personnel.

Read More »

Industry Week in Review – April 1, 2016

Boeing announced its plans to cut more than 4,500 jobs from its commercial airplane unit by June, as customer demands for less expensive jetliners force it to focus on reducing costs. The company has already cut 1,200 jobs from the commercial airplane unit this year, and the additional cuts will total roughly 5% of the unit’s workforce. As another way to reduce costs, Boeing also announced it will consolidate its 747 and 767 jet programs.

Read More »

Industry Week in Review – March 25, 2016

Alphabet, Google’s parent company, announced its plans to sell Boston Dynamics, the legged-robot maker, as a result of internal disagreements and concerns about the Company’s ability to develop a marketable product within the next few years. Alphabet acquired Boston Dynamics and six other companies in 2013, as part of an acquisition spree to develop a robotics unit dubbed Replicant.

Read More »

Industry Week in Review – March 18, 2016

Boeing, which is facing competitive pricing pressure from Airbus’ increasing market share, announced it will consolidate its 747 and 767 jet programs as part of a broader cost cutting initiative. Elizabeth Lund, who is the general manager of the 777 program, will head the newly combined programs in addition to the 777 program.

Read More »

Industry Week in Review – March 11, 2016

Almost five months after the Air Force awarded Northrop Grumman a contract to provide the Long Range Strike-Bomber (“LRS-B”), Air Force secretary Deborah Lee James finally disclosed seven major contractors who will join Northrop in building, what is now officially designated, the B-21. James announced that Pratt & Whitney will build the B-21 engines at its facility in East Hartford, Connecticut.

Read More »

  • Authors

    photo

    Robert D. Kipps

    Mr. Kipps has over 20 years of experience in providing transaction advisory....

    photo

    Kevin P. DeSanto

    Mr. DeSanto has a broad base of experience in providing transaction advis...

    photo

    Michael J. Misantone

    Mr. Misantone has a broad base of advisory experience in the aerospace, defense, and...

    photo

    Karl M. Schmidt

    Mr. Schmidt is a Managing Director at KippsDeSanto & Co., with vast exp...

    photo

    Marc B. Marlin

    Mr. Marlin has a broad base of experience in providing transaction advisory services...

    photo

    Jon Yim

    Mr. Yim is a Director at KippsDeSanto & Co., with a broad base of experience...

    photo

    George “Toby” F. Albright, III

    Mr. Albright is a Director at KippsDeSanto & Co., with a broad base...

    photo

    Robert G. Dowling

    Mr. Dowling has a broad base of experience in providing transaction advisory...

  • Archives